Network Rail picks Kier for £500m station revamps

Network Rail has chosen Kier to partner it for a £500m redevelopment of six of its stations across the South East.

The partnership could be extended across Network Rail’s entire 2,500 station network.

The first sites are at Enfield Town, Epsom, Guildford, Maidstone East, Twickenham and Walthamstow, with a further site at Wembley Cutting earmarked. The first wave of developments are likely to include a mix of residential, office and retail accommodation.

Mick Martin, Network Rail’s director of commercial property, said: ‘This is a pioneering deal for Network Rail. This is the first of many changes we will make to enhance the value from our assets. Network Rail is open to business and willing to tap into development expertise to release commercial potential on our estate.’

Nigel Turner, Kier Property’s commercial director, said: ‘Kier see this joint venture as a long term partnership, where our development expertise can add value through simplification.’

Network Rail is also working on its main London stations, including Euston, Victoria, London Bridge, Waterloo and King’s Cross.